Nifty Tips
Share Market Trend for Today 27 July 2012
The first day of August series started
with a bang and Nifty jumped leap ahead of yesterdays closing. After
nearly one hour of trade, nifty persisting with the early gain of
65+ points and trading above 5100. Very strong global and Asian cues
supported the market as Dow closed 211 points up. Asian markets also
started the day on a strong note which helped market achieving the
dark green color in the first hour of the session.
The early spark seen in the market
likely to prevail for the day long due to buying interest seen in the
market . However a sudden fall can not be ruled out as yesterday
market saw a deep decline breaking all crucial levels. Technically
staying above 5100 level would be a safe play for the market.
Inconsistency to remain above the same may further push it backside.
Above 5100, Traders can long for the targets of 5150.
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